The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-07
CONDITION OF THE MARKETS
A Dull Day in Wheat and Corn, with
Advantages Favoring the "Bears."
A Small Business in Everything, Prices Re-
naming Almost NEUTRALITY-SUSPICIOUS.
ListleSs, with Disposition to Sell.
MONEY. BONDS AND STOCKS.

Increased Activity, which, However, Is Con-
fined to- Stocks of Three Companies.
NEW YORK, Oct. 6.-Money on call was
easy at 3 to per cent, the last loan being
made at per cent, and closing offered at per
cent
Prime mercantile paper, 81 81 per cent
Sterling exchange dull but steady at 81. 7922
for sixty days, and 81 S44 for demand
The total sales Of stocks to- day were 428. 892
shares. including the following: Delaware,
Lackawanna & Western, 20, 32O; Erie, 4,S10;
Lake Shore, 4400; Louisville & Nashville
1900; Missouri Pacific, 1850; Northwestern, H.
050; Northern Pacific. preferred, 5,46O; Read
s3.o56. ~
The stock market was more active to-day than
for some time, but tho interest in the dealings
was completely absorbed by three stocks, West
ern Union. Reading and ST. Paul The interest
In the general list is shown by the fact that the
three stocks mentioned furnished three
quarters Of the entire days business. Early in
the day prices advanced rapidly, and it soon be-
eame positively asserted that the telegraph deal
had at last been contaminated. which brought in
heavy buying in Western Union. Favorable
rumors in regard to Reading started large
buying movement in that stock, and the impress
zion that a settlement of the difficulties among
the Western roads would be arrived at at the
meeting at Chicago to day reflected in the
trading in st. Paul. The advance was
very sharp. but came TO halt after the first
hour. the high prices bringing flood OF stocks
TO the market Inc gains were well neIO, now
ever though the realizationS weakened the list
towards the close. The movement in Reading
was sympathized in by the other coal stocks,
and Jersey Central and Lackawana were promi-
nent. The general situation shows no change.
the earnings of the railroads still continuing
good, and IT, is generally believed IN Wall
street, the government puts in operation plan to
put it's surplus money in circulation, healthier
business tone is expected to result. The con-
summation of the Western Union Baltimore s.
Ohio deal is regarded by the former as likely to
add largely to it's earnings. The opening was
yesterdays final figures of from
was strong, however, from the opening,
and under the lead of Western Union and Read
ing advanced rapidly. The rise was checked
marked falling off in amount of business done,
but prices remained firm. and the coal stocks
became prominent The best figures were made
at o'clock, after which time there was a slight
reaction, and the close rather heavy at
near the highest figures of the day. Everything
is higher but advances are for fractions only,
except for Reading, which is up Il; Western
Union, IL, and Jersey Central, IL.
Railroad bonds very dull; sales, $685.
900. Chesapeake, Ohio e. Southwestern bonds
rose g. to 104; Chicago e. West Indiana frsts, 8,
TO I15; Chesapeake 81 Ohio currency SKIES lost
81, at III; Texas Pacific terminal receipts. 6. at
56; Green Bay incomes. 2, at 3d. Ohio Southern
incomes. 81 at "a and Terre Haute divided
bonds, 9, at 80.
Government bonds were dull but firm. State
bonds were dull and steady.
Cioeinp 1uotations wera.